India, July 1 -- Troubled rental car marketplace Zoomcar managed to cut its loss by 25% to $25.6 Mn in FY25 from a loss of $34.3 Mn in the previous year, despite a decrease in its top line.

The Bengaluru-headquartered company's net revenue stood at $9.1 Mn during the fiscal year, a decline of 8% from $9.9 Mn in FY24. It managed to curb its loss on the back of optimising its expenses by 53%, spending $19.5 Mn in FY25 as against $41.6 Mn in FY24.

In line with the decline in expenses, the Nasdaq-listed company's adjusted EBITDA loss shrunk 44% to $9.9 Mn in FY25 from $17.9 Mn in the previous fiscal.

Despite the fall in revenue and persistent losses, Zoomcar said its contribution profit reached an all-time high in FY25. It reported a contr...